Delta Woodside continues recent rally

MichaelBaron

Delta Woodside Industries
dlw
is staging an impressive charge higher, adding $1.17, or 43.3 percent, to $3.87, building upon an almost 50 percent in Tuesday's action. After the closing bell on Monday, the Greenville, S.C., textiles producer reported fourth-quarter earnings before items of $1.3 million, or 22 cents a share, up significantly from its year-ago loss of $5.5 million, or 94 cents a share. Sales jumped to $52.4 million in the latest three months from $37 million in the same period a year earlier. The company attributed the strong profit to increased sales volume, improved product mix, lower costs, and better running schedules.

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